DUBAI / WAM H.H. Sheikha Latifa bint Mohammed bin Rashid Al Maktoum, Chairperson of Dubai ...
Read More »Busted retailers use bankruptcy to break leases by thousands
Bloomberg With the pandemic intensifying the plight of US retailers, companies from J Crew Group Inc to the owner of Ann Taylor are using Chapter 11 bankruptcy filings to quickly get out of costly, long-term leases and shutter thousands of stores. By seeking court protection, firms like Neiman Marcus Group Inc and the parent company of Men’s Wearhouse avoid the ...
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